The Feds accused an 82-year-old Colorado man of defrauding trading-card collectors, including residents of New York and Michigan, over a period of 4 years. They charged him last week with conspiracy to commit wire fraud. “As alleged, the defendant orchestrated Read more
Amazon raised the cost of fulfilling orders through its Multi-Channel Fulfillment service (MCF). The third-party logistics solution is designed to let merchants leverage its network to fulfill off-Amazon orders (“to power their growth beyond Amazon.com”). Amazon published the news in Read more
eBay updated its Payments Terms of Use, which goes into effect for new sellers on March 14, 2023, and goes into effect on May 14th for current sellers. eBay published a post on the Australia announcement board where it explained: Read more
Etsy has begun processing payments through a different processor in the wake of the Silicon Valley Bank (SVB) collapse on Friday that resulted in delayed disbursements to .05 percent of Etsy’s active sellers. It’s also working to pay sellers impacted Read more
Etsy sellers and those with shops on Shopify have had to make important decisions about their ongoing operations in the wake of the Silicon Valley Bank collapse. (See, “Run on Silicon Valley Bank Impacts Operations at Tech Firms.”) (See update Read more
Founders of startup companies turned to Silicon Valley Bank (SVB) for loans, and tech firms used SVB accounts to manage their operations. Some founders and executives even used it for their personal banking and estate planning needs. But when things Read more
Bonanza, which launched as an alternative to eBay in 2008, has a new owner. Quincy Faison acquired the online marketplace from Bonanza’s parent company, Alloy.dev. Bill Harding launched “Bonanzle” in 2008 and, 2 years later, raised funding, changed the name Read more
The first comment out of the gate at this month’s eBay Chat on Wednesday was why eBay wouldn’t allow sellers to specify which items they allowed to be sent internationally on a listing-by-listing basis. Currently it’s an all or nothing Read more
eBay and online sellers were left in the lurch last year when GoDaddy abruptly ended its low-cost bookkeeping solution. But the original founder of the solution is developing a new offering to fill the void called Seller Ledger, currently in Read more
Sellers who process payments using Stripe will see higher costs beginning in June. In an email sent to customers on March 8, 2023, Stripe said it would raise the additional fee it charges for for international card transactions from 1.0% Read more
